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  • No Alerts at this time. MECU: Baltimore's Credit Union


First Time Auto Buyer Loan (New & Used)

Affordably priced auto loans for first time auto buyers.

Helping members is our priority. That's why our First Time Auto Buyer Loan is designed for members with little or no credit history who may otherwise have difficulty obtaining a loan.

You'll get competitive rates and terms plus the opportunity to establish a positive credit history.



  • Loan amounts ranging from $3,000 to $20,000
  • Financing up to 100% of the value of the vehicle ($500 down payment required)
  • As little as nine months employment with current employer
  • At-Dealer financing option at more than 150+ partner dealerships
  • Online car-buying tools to research, compare and find your perfect vehicle
  • Loan terms up to 60 months
  • Rate discount of 0.25% when you make a down payment of at least 10%
  • Rate discount of 0.25% with direct payment
  • Cash back with our exclusive Loan Interest Rebate program*




Vehicle Loan Resources

*Certain conditions apply. Subject to annual Board approval.


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